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About BASE

Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. BASE allows traders to speculate on the entire crypto industry with one token. The Base Protocol is built on the Ethereum blockchain, integrates a (Chainlink) oracle, and is launching on ((Uniswap)

Base Protocol (BASE) is a cryptocurrency launched in 2020. BASE has a current supply of 480,679.62 with 480,679.62 in circulation. The last known price of BASE is 1.15 USD and is 0.030499622999 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.baseprotocol.org/.

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BASE Price Statistics
BASE’s Price Today
24h Price Change
+$0.0304996229992.72%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#2178
BASE Market Cap
Market Cap
$554,576.19
Fully Diluted Market Cap
$554,576.19
BASE Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BASE Supply
Circulating Supply
480,679.62
Total Supply
480,679.62
Max Supply
480,679.62
Updated Nov 09, 2024 7:36 pm
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BASE
Base Protocol
$1.15
$0.030499622999(+2.72%)
Mkt Cap $554,576.19
There's nothing here for now
Polygon Nearly Matches Ethereum's User Base in 2023, Says Flipside Analytics
Polygon Nearly Matches Ethereum's User Base in 2023, Says Flipside Analytics
According to CryptoPotato, Polygon, a layer-2 scaling network, came close to matching Ethereum's user base in 2023, as reported by blockchain analytics firm Flipside. Polygon acquired 15.24 million users that year, approaching Ethereum's 15.4 million, with a difference of around 160,000 wallets. Flipside defines an "acquired" user as someone who engaged in at least two transactions on a specific blockchain, with at least one occurring in 2023. During the first half of 2023, Polygon led the user acquisition race but was later surpassed by Ethereum, which maintained its lead throughout the latter part of the year. In January, Polygon achieved a remarkable milestone with 2.8 million acquired users, constituting over 40% of the total number for 2023, according to Flipside. Ethereum secured the lead for the entire year, while Bitcoin claimed the third position with 10.65 million acquired users. Solana and Arbitrum completed the top five rankings. The aggregated data from the eight tracked blockchains, including Optimism (OP), Avalanche (AVAX), and Base (BASE), revealed a total of 62 million acquired users. Flipside observed that user acquisition peaked in May but gradually declined afterward. Notably, Flipside suggested a connection between the surge in acquired users starting in March and the collapse of Silicon Valley Bank. The event potentially eroded confidence in centralized entities, prompting a shift towards decentralized custody alternatives. In its predictions for future trends, Flipside observed a decline in NFT-related activities and a shift towards decentralized finance (DeFi) activities during 2023. Anticipating the upcoming cycle, Flipside suggested that DeFi activities would continue to dominate, surpassing the prominence of NFT trading. Specifically, it highlighted decentralized exchange (DEX) trading and yield farming as ongoing predominant applications while also forecasting the emergence of new DeFi applications like the Ethereum restaking protocol Eigenlayer. According to Flipside, user behavior in 2024 is expected to involve increased interaction with multiple blockchain networks, although most users will likely stick to engaging with a single chain. The prediction further emphasized a growing trend of user interaction with Layer 2 networks in the coming year. Despite being a minority in 2023, users with more than one blockchain predominantly interacted with Layer 2s. Flipside speculated that rising transaction fees during the next crypto market bull run could lead Layer 2 networks to lower their costs for end users competitively, potentially driving increased interest in associated governance tokens.
Jan 27, 2024 9:44 pm

Frequently Asked Questions

  • What Is Base Protocol Price Prediction?

    While we cannot offer an accurate BASE coin price prediction, you could monitor the following factors to gain a better understanding of price action drivers in this token: Crypto Market Volatility and Market CapThe price of BASE is pegged to the total market capitalization of all cryptocurrencies at a ratio of 1:1 trillion. Fluctuations in the overall market capitalization can impact the price of BASE as it strives to maintain the price peg. Rebasing Mechanism of Base Protocol Base Protocol utilizes a rebasing mechanism to adjust its token supply in response to price movements. The rebasing mechanism aims to maintain the price of BASE in line with the total market capitalization of all cryptocurrencies. Changes in the rebasing process and market conditions can influence the price of BASE.External Factors Impacting the Overall Crypto Market Like other cryptocurrencies, the price of BASE can also be affected by external factors such as regulatory developments, market sentiment, technological advancements, and broader economic conditions. Positive developments could support the BASE to USD price. However, negative news could drive selloffs in the crypto market, weakening the BASE price.

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  • What Is BASE Token Used For?

    The BASE is the native token of the Base Protocol and has several use cases: Price Pegging Mechanism The BASE token is designed to be pegged to the total market capitalization of all cryptocurrencies at a ratio of 1:1 trillion. The price of BASE is intended to move in correlation with the overall cryptocurrency market. The elastic supply mechanism implemented in Base Protocol helps maintain the target price equilibrium, allowing the token to expand and contract programmatically to keep its peg to the market cap. Speculation on Crypto Industry $BASE lets traders and investors speculate on cryptocurrency with a single token. By holding BASE, individuals can gain exposure to the price movements of the overall crypto market rather than investing in individual cryptocurrencies separately. Trade or HODL BASE Trade Base Protocol crypto against other digital assets on supported exchanges and platforms to make the most of changing market conditions and volatility. You can buy or sell BASE or hold it long-term if you believe in the future potential of the Base Protocol. Conduct your own research, monitor market conditions, and consider your risk tolerance before making investment decisions.

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  • Is Base Protocol (BASE) a Good Investment?

    Base Protocol allows investors to gain exposure to the price movements of every cryptocurrency at an affordable price. This can appeal to those who want a diversified investment portfolio covering a wide range of cryptocurrencies.Base Protocol is positioned as the next generation of rebasing projects. Rebasing is a mechanism that adjusts the supply of tokens to maintain price stability. By utilizing this innovation, Base Protocol aims to unlock the full rebasing potential and offer investors unique advantages.The concept of application protocols, which Base Protocol falls under, has been highlighted as a better investment option. Application protocols have the potential for significant growth as the market cap of the protocol tends to grow faster than the combined value of the applications built on top of it.

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  • Who Are Base Protocol’s Partners?

    Base Protocol has partnered with several projects in the crypto industry, including Ethereum, Chainlink, Uniswap, and CertiK. Additional project partnerships include Value DeFi, PAID Network, and SushiSwap.

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  • What is the all-time high price of Base Protocol (BASE)?

    The all-time high of BASE was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Base Protocol (BASE) is 0. The current price of BASE is down 0% from its all-time high.

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  • How much Base Protocol (BASE) is there in circulation?

    As of , there is currently 480,679.62 BASE in circulation. BASE has a maximum supply of 480,679.62.

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  • What is the market cap of Base Protocol (BASE)?

    The current market cap of BASE is 554,576.19. It is calculated by multiplying the current supply of BASE by its real-time market price of 1.15.

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  • What is the all-time low price of Base Protocol (BASE)?

    The all-time low of BASE was 0 , from which the coin is now up 0%. The all-time low price of Base Protocol (BASE) is 0. The current price of BASE is up 0% from its all-time low.

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  • Is Base Protocol (BASE) a good investment?

    Base Protocol (BASE) has a market capitalization of $554,576.19 and is ranked #2178 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Base Protocol (BASE) price trends and patterns to find the best time to purchase BASE.

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